Nautilus Minerals (LON:NUS) , the mining company with plans to produce copper and gold from the seafloor off Papua New Guinea, said this morning that it had taken a major step forward, with the formation of a strategic partnership with German shipping company Harren amp; Partner. The two sides intend to set up a joint venture company that will own and operate a production support vessel which will serve as the operational base for Nautilus to run its first development project, Solwara 1, in the Bismarck Sea. The move is precisely what COO, Anthony O’Sullivan suggested as a possible option for Nautilus when he spoke to Stockopedia in January this year.The vessel will be a floating platform for the mobilisation and remote operation of production machinery operating on the seafloor at water depths of approximately 1600 metres. The seafloor production tools will cut and gather ore which will be pumped in slurry form to the production support vessel, where it will be processed through a dewatering plant before transfer to barges for transport and subsequent treatment.Under the terms of the strategic partnership, Harren will design and construct the...

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A lot of investors won’t believe it until they see it. But Nautilus Minerals Inc. maintains it is back on track to become the world’s first company to mine metals under the sea.
“It’s been a very exciting year,” chairman Geoffrey Loudon said at the company’s annual meeting in Toronto on Wednesday. “A lot of things have happened that we’ve waited an awful long time for.”

When Anthony O’Sullivan joined Nautilus Minerals (LON:NUS) in 2005 his expertise and earlier experiences in leading base metals exploration at mining giant BHP Billiton were put to the test. For Nautilus, and O’Sullivan, the years that followed were spent finding answers to the complex geological, engineering and financial challenges of drilling for copper and gold at 1,500 metres under the sea off the coast of Papua New Guinea.

The investment community has always been a bit skeptical of Nautilus Minerals Inc. When you’re trying to be the first company to ever mine minerals off the ocean floor, it’s only natural that some people won’t believe it until they see it.

Seafloor mining is one of those things that a lot of investors won’t believe in until it is actually proven to work. But there is a growing acknowledgement that it could well happen soon.
As Nautilus Minerals Inc., the pioneer of this business, inches closer and closer to a planned start of operations in 2018, chief executive Mike Johnston said the conversation around Nautilus is changing. In general, people no longer doubt this company will ever put its mining plan into action. Instead, they simply question whether it will work the way Nautilus hopes.

Lundin Mining Corp., a Canadian diversified mining company with investments in Africa, slumped the most in more than 18 months after the Democratic Republic of Congo banned exports of copper and cobalt concentrates.
Lundin Mining fell 9.9% to $3.73 at 1:08 p.m. in Toronto, after earlier falling 10% the most intraday since Sept. 22, 2011.

NEW DELHI: Tata Steel Minerals Canada today said it has signed agreements with Quebec government entities to conclude investments of Canadian dollar 175 million (nearly Rs 875 crore) to set up mining operations in Quebec Newfoundland and Labrador peninsula in Canada.

ByBen Kramer-Miller:This article is about Nautilus Minerals (NUSMF.PK). Nautilus Minerals has a market capitalization of about $185 million. The company is a pioneer in the mining space in that it holds land leases and explores for resources on the ocean floor. It is also the only major mining company that is involved in exploring the ocean floor.

By Kevin Michael Grace
Canadian Orebodies Inc (V.CO) announced November 12 the completion of the summer drill program at its Haig Inlet Iron Project on the Belcher Islands in Nunavut. Thirty-eight holes totaling 6,467 metres were drilled at four separate target areas: Haig West, Haig South, Haig North Extension and Kihl Bay.